Advance Auto Lowers EstimatesMonday, October 22, 5:00 PM ET

Advance Auto Parts (NYSE:AAP) shares are lower after the company warned that third-quarter earnings per share will fall more than 14 percent. The company expects earnings per share to be $1.21 versus the $1.41 the company earned in the same period last year. Revenue will fall to $1.46 billion. Same store sales are expected to fall 1.8 percent. Analysts expected third-quarter earnings of $1.35 per share on revenue of $1.47 billion.

Shares are lower by about 3.8 percent.

Last month, competitor Autozone (AZ) announced that same store sales increased by 2.1% and earnings per share increased by 17.8%.

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